The Week in Deals
2 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Nov 2 | Corporate M&A | Carbon Captu… | Denbury Inc. shareholders | ExxonMobil | $4.90B | LA, MS, TX | Closed | ExxonMobil's largest move into CCUS. Denbury's 1,300-mile CO2 pipeline network in TX/LA/MS becomes cornerstone of ExxonMobil low-carbon solutions business. All-stock deal at $89.45/share. Closed November 2, 2023. | |
| Nov 1 | Project & Portfolio M&A | Nuclear | NRG Energy | Constellation Energy | $1.75B | TX | Closed | Constellation acquired NRG's 44% stake in South Texas Project — ~1,100 MW of nuclear capacity. Reinforces Constellation as the largest US producer of carbon-free energy. Announced June 2023; closed November 1, 2023. |
Change of Control
1 moveAhmed Pasha joined as Senior Vice President and Chief Financial Officer at Fluence Energy (from CFO, US Utilities and Conventional Generation, AES Corporation)
Pasha joined Fluence (the Siemens/AES energy storage JV, now public) from AES, where he served as VP, Global Treasurer and Head of Investor Relations. Succeeded Manu Sial as CFO.
Nov 1
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